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Shadow Economy vs Economic Security: Trends, Challenges, Prospects

Author

Listed:
  • Maria Blikhar
  • Valerii Syrovatskyi
  • Ulyana Bek
  • Maria Vinichuk
  • Lesia Kucher
  • Maryana Kashchuk

Abstract

The purpose of the article is to highlight the results of the study of counteracting the shadow economy in the system of ensuring the economic security of the agricultural sector and its impact on the poverty level of the population. The relationship between the shadowing of the economy and the growth of the poverty level in Ukraine is substantiated, which is confirmed by the results of cluster and regression analysis. A study of the dynamics of the integral indicator of the level of the shadow economy and changes in the volume of real GDP in Ukraine is conducted and the volume of official GDP created by shadow wages is estimated. Predictive assessments of the level of the shadow economy and poverty in the coming years have been made, and growth trends have been established. It has been found that the growth of the level of the shadow economy has a significant impact on the population poverty indicator. The regional features of the spread of the shadow economy and population poverty are analyzed, as a result of which it has been proved that a higher standard of living of the population and a lower level of poverty are observed in the border and industrially developed regions.

Suggested Citation

  • Maria Blikhar & Valerii Syrovatskyi & Ulyana Bek & Maria Vinichuk & Lesia Kucher & Maryana Kashchuk, 2023. "Shadow Economy vs Economic Security: Trends, Challenges, Prospects," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 130-147.
    • Handle: RePEc:bas:econst:y:2023:i:3:p:130-147
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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